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oil
Sasol share price slumps amid operational challenges and global market pressures
Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential for recovery amid ongoing challenges in the fuel and chemicals sectors.
Significant fuel price decreases predicted for South Africa in April
Big petrol and diesel price decreases are looking likely for April as international oil prices recede. Here's what to expect next month:
Transnet Pipelines strengthens theft response with new tariff adjustments
Transnet Pipelines receives approval for a 7. 83% tariff increase to combat escalating theft and enhance security measures, while facing financial challenges and asset value fluctuations. NERSA's decision enables R7. 84 billion in allowable revenue for 2025/26, supporting critical infrastructure protection.
Africa's energy revolution: the crucial balance between fossil fuels and green power
Africa accounts for 3. 3% of the global power generation, with a total power generation of over 980 terawatt hours
Here’s what you’re likely to pay for petrol and diesel from Wednesday, March 5
March fuel price data from the CEF shows mixed outlook for petrol and modest relief for diesel customers. Here's what to expect:
Experts predict no major change in petrol prices next week
Leading economists share their insights on the expected petrol price changes for March, highlighting factors influencing the market
Sasol reports challenging financial results as revenues decline
Sasol’s latest financial results reveal a steep decline in revenue and earnings, as the energy powerhouse faces persistent market challenges.
Competition Tribunal confirms R101m settlement with Willowton in price-fixing case
The investigation focused on claims that these companies had colluded to fix prices and divide markets for edible oils, including baking fats and margarine, dating back to 2007.
Sasol shares rise despite warning of 36% interim earnings plunge forecast
Additionally, Sasol’s sales volumes saw a 5% downturn, influenced by lower production and diminished market demand, further impacting the interim earnings.
Mossgas tender award to Russia’s Gazprombank now in the hands of the High Court
BR had last week requested PetroSA for an update on the progress of this project because the transaction was controversial owing to the possibility of sanctions risk at the time of the tender award in January last year. In November, the US said that Gazprombank had become a sanctioned company. These sanctions extend to other Western countries such as Australia and Canada.
Oil falls as Trump repeats call for OPEC to cut prices
Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
Sasol management anticipates mostly stable sales volumes despite operational challenges
Market guidance for both Mining and Gas remains unchanged, with the annual volume outlook for SO and Natref revised downward due to the aforementioned challenges. Despite the operational challenges faced, we remain committed to executing key self-help initiatives aimed at improving performance and mitigating the challenges we face.
Trump says to unleash American fossil fuels, halt climate cooperation
Trump declares national energy emergency to accelerate permitting of oil, gas and power projects.
Trump's return: Lessons for South Africa's energy crisis
As Donald Trump returns to the US presidency with bold energy policies, South Africa faces critical decisions about its energy future.
Global markets rebound as US inflation eases and JSE follows suit - Chris Harmse
Global and South African markets show strong recovery after a challenging start to 2025, driven by lower US core inflation data and positive banking sector performance. The JSE follows Wall Street's upward trend while the Rand strengthens against the dollar, though fuel price concerns linger.
Motorists brace for major fuel price hike next month
South African economists predict a potential R1 per litre fuel price increase for February, driven by a weakening Rand and surging Brent crude oil prices.
Russia sanctions, winter demand push Brent crude towards $85 milestone
Geopolitical tensions, US sanctions on Russian oil exports, and increased winter demand in the Northern Hemisphere are driving Brent crude oil prices higher, with analysts predicting a breakthrough beyond $85 per barrel.
Shell's $400 million write-down a setback for Namibia's oil and gas hopes
Shell, its partners QatarEnergy and Namco, discovered hydrocarbons in block PEL39 in 2022. This discovery, along with a second by TotalEnergies in a nearby block, sparked colossal global interest in this southern African nation that has no oil or gas production.
Rising oil prices threaten fuel costs in South Africa
Economists have raised concern that a higher international oil price could lead to more fuel price increases in South Africa.
Joe Biden issues major coastal protection before Donald Trump handover
US President Joe Biden on Monday banned offshore drilling across an immense area of coastal waters, weeks before Donald Trump takes office pledging to massively increase fossil fuel production.
Durban Metro Police crackdown on illegal street mechanics in Umbilo
Durban Metro Police have launched a series of raids in Umbilo to tackle the issue of illegal street mechanics operating on public pavements, following complaints from local business owners.
Umbilo Business Association calls for action against illegal mechanics
The eThekwini Municipality is addressing the rise of illegal mechanics in Umbilo, following complaints from local businesses about their disruptive practice.
Does Trump want to annex Canada and make it the US' 51st state?
In a surprising move, Trump announced that he will issue an executive order imposing a 25 percent tax on all imports from Canada. This would severely affect the economy.
Petrol price hopes crushed as Donald Trump victory keeps rand on back foot
The petrol price decrease that consumers were hoping for is now looking unlikely due to rand weakness.
Tug of war between developed and developing nations ratchets up a notch at COP29
Tensions simmer between developed and developing nations on climate financing at COP29.